16.05.2021

Decentralized VPN Gaining Steam at 100,000 Users Worldwide

Pseudonymous proof-of-stake, or PoS, creator Sunny King is the chief architect for a blockchain infrastructure outfit called V Systems. King helped Tachyon get off the ground during its early days. “Tachyon is the first major V System enabled ecosystem project,” King said.

Blockchain-based ecosystem, Tachyon, has a decentralized virtual private network, or VPN, hosting 100,000 users as of April, according to V Systems chief architect, Sunny King.

“Tachyon has started open pilot testing,” King told Cointelegraph in an April 25 email. “Features are introduced step-by-step,” he said, adding:

“I’m delighted that Tachyon VPN has just reached 100,000 users globally this month and I believe that eventually it would enable a vibrant VPN service marketplace for the world.”

Tachyon and V Systems go hand in hand

In general, standard VPN’s let users surf the web without exposing their location, calling on various networks to mask a user’s true IP address – the information gathered about each computer’s location and activity.

“Tachyon is designed as a VPN services marketplace,” King explained. “It creates the necessary infrastructure for service providers and users to participate in a highly decentralized VPN marketplace.”

The endeavor’s team holds prior VPN expertise

With team members holding significant prior knowledge and background in the VPN world, Tachyon looks to harness decentralized tech for higher levels of privacy and security, King said.

V Systems looks to grow blockchain’s capabilities using cloud and database technology, King said. Tachyon appreciates this outlook, constructing its solution on top of V Systems’ blockchain and jointly working with the outfit.

“The V Systems team including myself have provided and continues to provide blockchain infrastructure and technology services and solutions for Tachyon,” King included.

Tachyon first released its whitepaper to the public back in September 2019. Blockchain itself has also come a long way since Bitcoin’s creation roughly a decade ago, and is gaining more mainstream adoption by the day.

Decentralized Finance, Explained

Even though it could transform the lives of millions of people, it’s an inescapable fact that DeFi solutions have failed to gain public awareness. Adoption in the crypto world has been modest to say the least – and according to a study published by the Cambridge Centre for Alternative Finance back in December 2018, there are just 25 million verified crypto users worldwide. When compared with the 1.7 billion unbanked people we were talking about before, it’s clear there’s a lot of work to be done.

It’s also worth remembering that even if DeFi applications manage to welcome hundreds of millions of people to its platforms, the public blockchains they rely on may lack the capacity to accommodate their demands. Visa claims it can process in excess of 24,000 transactions per second – dwarfing Bitcoin, which is capable of seven TPS, dramatically. Scalability concerns have also been a long-running thorn in the side of Ethereum, with its co-founder, Vitalik Buterin, recently admitting that the blockchain is almost full.

Volatility in cryptocurrencies is yet another concern – and even though stablecoins have been seeking to remedy this, the hurdle of regulatory compliance continues to loom large. Facebook unveiled ambitious plans to launch a stablecoin called Libra this year, but the social network has faced staunch resistance from American politicians, regulators and financial institutions. Lawmakers have expressed concern that it could undermine the U.S. dollar and throw the global economy into disarray, while banks fear it could create a “shadow banking” system.

Decentralized Brave Browser Tops Chrome in Google Play Rankings in Japan

The popularity of the decentralized blockchain-enabled web browser Brave continues to grow as it has outranked other browsers in Google Play rankings in Japan.

Brave beats rival browsers

According to a Reddit post on Sept. 8, this is the first time that the privacy-focused Brave browser has overtaken its rival browsers such as Firefox, Opera and Chrome in Japan. The most recent ranking data from Google Play shows that Brave sits comfortably at number 10 on the list, while its closest competitor Firefox lags behind, occupying 14th place.

A Google Play ranking is determined by how well apps perform against several key metrics such as crash rates, app-not-responding rates, excessive WiFi, location or processing in the background.

Per a screenshot in the Reddit post, Brave was downloaded 2 million times last month, while Firefox only saw 553,000 downloads.

Brave tries to win market share from traditional browsers by tokenizing certain aspects of the internet browser experience for users. Brave users can earn the browser’s native Basic Attention Token (BAT) by watching ads and claiming grants. The token can subsequently be used to tip content creators on sites like Reddit and Vimeo.

Brave Browser develops new crypto wallet

At the end of August, Brave announced the development of its new cryptocurrency wallet for Ethereum-based tokens including Ether (ETH). According to the San Francisco-based company, the in-browser wallet also supports BAT, which is an ERC-20 token, alongside other Ethereum-based tokens and collectibles.

Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply

Your email address will not be published. Required fields are marked *